According to Rajiv Lall, the Railway Budget intended to transform railways over the next five years.
Satish Chander - director general - Fertiliser Association of India says this will lead to higher subsidy. “We are not being paid subsidy and out outstanding is more than Rs 40,000 crore,†he told CNBC-TV18. He says the industry will suffer more.
Railway Minister Suresh Prabhu Tuesday sought investment from business houses under Corporate Social Responsibility (CSR) to improve the passenger amenities being provided by the national transporter.